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Palo Alto, California-based financial services firm X.com announced Wednesday that it has received $100 million (US$) in financing from a variety of new and existing investors.

With all hopes for a settlement of the antitrust case against it dashed, software giant Microsoft (Nasdaq: MSFT) is bracing for harsh sanctions and a possible breakup of the company when federal judge Thomas Penfield Jackson issues his ruling sometime this week.

Venture capital firm Technology Crossover Ventures (TCV) announced today that it has set a new watermark in the flood of venture capital money washing over Internet companies by closing a $1.6 billion (US$) fund.

Healthcare giants Johnson & Johnson, GE Medical Systems, Baxter International, Inc., Abbott Laboratories and Medtronic, Inc. have further fueled the current business-to-business (B2B) feeding frenzy by announcing plans to create a privately held exchange to streamline purchasing for healthcare p...

After a pessimistic auditor's report sparked a wave of negative publicity and a broad stock sell-off, Internet music retailer CDNow (Nasdaq: CDNW) said today that it will implement a new operating plan to "significantly reduce" its cash burn rate.

In an effort to streamline the Internet shopping experience for its customers, online drugstore PlanetRx.com (Nasdaq: PLRX) has unveiled a bar code scanner that will allow consumers to select and order items simply and efficiently.

Mail and messaging company Pitney Bowes (NYSE: PBI) ended months of speculation about its online postage plans today by announcing that it has received approval from the U.S. Postal Service to debut its ClickStamp feature.

According to a new study by Forrester Research (Nasdaq: FORR), online business-to-consumer (B2C) sales are set to grow explosively in Europe from $2.8 billion (US$) in 1999 to approximately $170 billion in 2005.

The derailed settlement talks between the U.S. Justice Department and software giant Microsoft (Nasdaq: MSFT) may be back on track today, as reports indicate that the mediator in the case has asked the judge to delay issuing his opinion in hopes of a breakthrough.

London-based QXL.com (Nasdaq: QXLC), Europe's largest online auction company, has announced the acquisition of Swedish rival Bidlet AB for as much as $555 million (US$) in stock.

Internet grocer Peapod (Nasdaq: PPOD) received a resounding double blow Thursday, as the company announced that its highly respected CEO has resigned for health reasons and investors have yanked $120 million (US$) in planned equity financing off the table.

U.S.-based online lottery firm eLot, Inc. (Nasdaq: ELOT) has signed a four-year contract to sell lottery tickets over the Internet to the general public in the United Kingdom.

Music e-tailer CDNow (Nasdaq: CDNW) announced Monday that its proposed merger with music distributor Columbia House has been scrapped.

After enduring months of criticism over his company's protective patent policies, Amazon.com CEO Jeff Bezos suggested Thursday that the United States undertake a fundamental retooling of the current patent system.

Number two auto manufacturer Ford Motor Company (NYSE: F) announced Thursday that it will partner with B2B auction site ZoneTrader.com to sell its surplus capital equipment at online auctions.

Online search engine GoTo.com (Nasdaq: GOTO) heated up the competition in the already tight Internet auction world today by announcing that it will buy auction search and listings site AuctionRover.com in an estimated $175 million (US$) stock deal.

In an effort to patch up its tattered reputation in the wake of its recent online invasion-of-privacy fiasco, controversial Internet advertising giant DoubleClick (Nasdaq: DCLK) announced today that two high-profile New York consumer advocates will now lead its privacy efforts.

Venerable computer giant IBM (NYSE: IBM) announced today that it will form an alliance with Ariba (Nasdaq: ARBA) and i2 Technologies (Nasdaq: ITWO) to provide what it calls an "end-to-end solution for business-to-business (B2B) e-commerce and collaboration."

As 16 U.S. states prepare to cast presidential primary votes in what has become known as "Super Tuesday," Internet research firm Forrester Research (Nasdaq: FORR) has declared Vice-President and Democratic front-runner Al Gore the most Internet-friendly candidate in the 2000 presidential race.

Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) and Spanish ISP Terra Networks announced a $2.4 billion (US$) merger today that will create a global Internet banking group with Irish Internet-only bank First-e.